Kevin O'Leary warns chaos is about to begin for US economy

[seafoam1 2,799]

We'll see...Go biden and his shlt policies. Liberals hate small business and the middle class.

Quote

O'Leary Ventures chairman Kevin O'Leary is warning that the economic policies of the Biden administration are about to put a significant squeeze on small businesses.

The "Shark Tank" star joined "Fox & Friends" to warn that the month of September will usher in a chaotic time for the economy due to high interest rates.

"We've got the CHIPS and Science Act. Where's that money going? Behemoth giant companies in the S&P 500. The Inflation Reduction Act, another trillion not even printed yet. All going to big guys. Now, that's great. They represent 40% of the jobs in America, the S&P 500. Everybody knows the S&P 500 is the biggest index in the world. But 60% of America is small business. That's where 60% of the jobs come from. We've given nothing to them. And so they're struggling because the Fed is raising rates up to 5.5% in a matter of months." 

Although the U.S. economy has seen some respite from record inflation, O'Leary has been warning in recent weeks that there is a "crisis emerging" for U.S. small businesses. O'Leary recently traveled to Capitol Hill to talk to "everybody" he could, cautioning about a liquidity crisis.

"We have a crisis emerging. … I'm talking about companies with five to 500 employees, which represent over 60% of our economy," O'Leary said. 

"If you're in the S&P 500, you have no trouble financing your business. You can't say that about small business anymore. The cost of capital has gone through the roof."

He said small business owners will be "cut off at the regional bank level."

"They're not lending. The loan books closed down. The rates that he pays for money have gone from 4-5% to 11-17%, and we're not talking about them. But you're going to hear a lot of people crying about this in the next few months." 

https://www.foxnews.com/media/kevin-oleary-warns-chaos-begin-us-economy-wake-smell-roses

 

 

 

[HellToupee 1,585]

They don’t care about small business. That was already proven during the Covid shutdown 

[Hardcore troubadour 14,930]

3 minutes ago, HellToupee said:

They don’t care about small business. That was already proven during the Covid shutdown 

Tis’ true. And it was right in our faces. 

[Dizkneelande 1,085]

37 minutes ago, HellToupee said:

They don’t care about small business. That was already proven during the Covid shutdown 

The Communists can’t fully control the system while a majority of Americans enjoy economic freedom and are able to protect themselves. 

[IGotWorms 4,057]

This dude is an idiot.

IF there’s a problem coming, it’s because China is really struggling.

But most people seem to think it won’t effect us much 

[Mike Honcho 5,096]

Between The Apprentice and Shark Tank, Seaform sure puts a lot of stock into what game show hosts say. Wonder what Jeff Probst opinion is on foreign relations? 

[Cdub100 3,836]

Yeah, that's what the fed wants. They need the economy to slow so they can get inflation under control. Powell has said the labor market is still too hot. Unfortunately, people need to lose jobs and some companies need to go under. 

This crash is by design. When it gets bad enough the Fed will pivot and start easing again. IMO that's when the real crash happens.

[kilroy69 1,216]

Kevin O'Leary is Chicken little in human form and shorts a lot of the companies or sectors that he "warns" about. 

[seafoam1 2,799]

45 minutes ago, Mike Honcho said:

Between The Apprentice and Shark Tank, Seaform sure puts a lot of stock into what game show hosts say. Wonder what Jeff Probst opinion is on foreign relations? 

Retard. You put more faith in career pedophile politicians than extremely successful businessmen. 

No wonder why you are poor and stupid and need goverment to run your life. 

[IGotWorms 4,057]

44 minutes ago, Cdub100 said:

Yeah, that's what the fed wants. They need the economy to slow so they can get inflation under control. Powell has said the labor market is still too hot. Unfortunately, people need to lose jobs and some companies need to go under. 

This crash is by design. When it gets bad enough the Fed will pivot and start easing again. IMO that's when the real crash happens.

If that’s what they wanted, they could’ve EASILY done that.

Remember when everyone scoffed at the idea of a “soft landing”? Well Biden pulled it off

[seafoam1 2,799]

2 minutes ago, IGotWorms said:

If that’s what they wanted, they could’ve EASILY done that.

Remember when everyone scoffed at the idea of a “soft landing”? Well Biden pulled it off

The only thing biden pulled off was his pants when he got into the shower with his daughter. 

Ask his daughter, she'll tell you the same. 

[IGotWorms 4,057]

Just now, seafoam1 said:

The only thing biden pulled off was his pants when he got into the shower with his daughter. 

Good one. Very original

[seafoam1 2,799]

23 minutes ago, IGotWorms said:

Good one. Very original

Very true you mean.. Why do you liberals love pedophiles so much? 

Nevermind, I don't want to know. Focking creeps. 

[Cdub100 3,836]

20 minutes ago, IGotWorms said:

If that’s what they wanted, they could’ve EASILY done that.

Remember when everyone scoffed at the idea of a “soft landing”? Well Biden pulled it off

No you can't do anything easily in a trillion dollar economy.

We are still in the air boy'o landing comes after the crash.

[Hardcore troubadour 14,930]

47 minutes ago, IGotWorms said:

If that’s what they wanted, they could’ve EASILY done that.

Remember when everyone scoffed at the idea of a “soft landing”? Well Biden pulled it off

Funny, I saw a header today at the store, of an actual newspaper saying a soft landing is now impossible. Not a lot of right wing newspapers in my part of the country. 

[lickin_starfish 1,893]

58 minutes ago, IGotWorms said:

Good one. Very original

Incestual pedophilia isn't a deal breaker for you, as long as you also get the rampant crime and schitty economy that you desire.

[IGotWorms 4,057]

28 minutes ago, lickin_starfish said:

Incestual pedophilia isn't a deal breaker for you, as long as you also get the rampant crime and schitty economy that you desire.

It’s disturbing how obsessed you guys are with child rape 

[lickin_starfish 1,893]

It's gross how accepting you are of it.

[RLLD 4,143]

Interestingly, I was saying all this about a month ago.....

Perhaps he is watching the same economic factors that I was....

[Ultra Max Power 214]

If you really want to understand what he is getting at watch the segment on foxnews. 

It really boils down the fact that small banks fund/loan small business.  When that same business that used to borrow money at 5% is now borrowing at 20%, they don't have the margins to sustain that.  No money to grow or expand.  

They have basically cut off the lifeline and its on a matter of time until they die.  

[easilyscan 858]

8 hours ago, Cdub100 said:

Yeah, that's what the fed wants. They need the economy to slow so they can get inflation under control. Powell has said the labor market is still too hot. Unfortunately, people need to lose jobs and some companies need to go under. 

This crash is by design. When it gets bad enough the Fed will pivot and start easing again. IMO that's when the real crash happens.

Agree with all of that, but I think the feds number 1 goal (even if they won't admit as much) is to knock home prices down. Charts speak much louder than words.

https://www.imagebam.com/view/MEOH6HK

Sure, we all like to see our homes appreciate by 10's of thousands every year, but unless you sell, it's an unrealized gain. The only people that realize those gains are the county you live in (property taxes) & the company you use for homeowners insurance. Another thing is the explosion in low income/affordable housing construction for the past 10+ years. You all realize who pays for that right ? 

[zsasz 361]

9 hours ago, Mike Honcho said:

Between The Apprentice and Shark Tank, Seaform sure puts a lot of stock into what game show hosts say. Wonder what Jeff Probst opinion is on foreign relations? 

I heard Wink Martindale is vehenemently opposed to Smoot-Hawley.

 

Foam, where does Bert Convey come down on the Save Our Seas Initiave?

[zsasz 361]

9 hours ago, seafoam1 said:

Retard. You put more faith in career pedophile politicians than extremely successful businessmen. 

No wonder why you are poor and stupid and need goverment to run your life. 

Is Richard Dawson pro or anti Glass Steagel?

[WhiteWonder 2,675]

Kevin O’Leary. 

[WhiteWonder 2,675]

9 hours ago, seafoam1 said:

Retard. You put more faith in career pedophile politicians than extremely successful businessmen. 

No wonder why you are poor and stupid and need goverment to run your life. 

Even an extremely successful entrepreneur (kind of meh to be honest. I bet you had no idea who he was before shark tank lol) does not make for a necessarily good economist. 
 

biden sucks and his economy had been horrible but to use Kevin olearys take as any sort of proof is laughable. 

[seafoam1 2,799]

10 hours ago, WhiteWonder said:

Even an extremely successful entrepreneur (kind of meh to be honest. I bet you had no idea who he was before shark tank lol) does not make for a necessarily good economist. 
 

biden sucks and his economy had been horrible but to use Kevin olearys take as any sort of proof is laughable. 

You would have lost that bet. 

Just sayin...

And now disprove what he said instead of attacking the messenger.

[Mark Davis 339]

Damn I didn't realize we had so many successful businessmen in here who have been more successful than Kevin O'Leary.

[Hardcore troubadour 14,930]

10 minutes ago, Mark Davis said:

Damn I didn't realize we had so many successful businessmen in here who have been more successful than Kevin O'Leary.

Unlike your run of the mill lightly trafficked message boards, we have a guy here that minored in finance. 

[seafoam1 2,799]

16 minutes ago, Mark Davis said:

Damn I didn't realize we had so many successful businessmen in here who have been more successful than Kevin O'Leary.

Liberals don't like successful people, they think we are all terrible humans that don't know more about the economy than career politicians. 

Yet these same unsuccessful lame liberals come out and think they know more because they are all begging for government to take care of them. 

It's mind blowing.

[Mike Honcho 5,096]

Was the shark guy right, did the economy descend into chaos?  

[BeachGuy23 642]

Everyone has lost everything and only the dude who added $8T to the debt in 4 years while giving the rich even more money can save us.

[Cdub100 3,836]

US unfunded liabilities $194,316,140,000,000 That's $194 TRILLION! Liability per citizen $578,395

Yes we are focked. 

[edjr 6,578]

I am shocked Mr. Wonderful hasn't been kicked off "Shark Tank" after being on Fox News

[Ultra Max Power 214]

Americans are adding more than 10billion to their credit card debt each month.... how long can that last?

[Cdub100 3,836]

1 minute ago, Ultra Max Power said:

Americans are adding more than 10billion to their credit card debt each month.... how long can that last?

Just print more money I guess.

[Reality 3,096]

I mean, it's not great...

Middle to low income families are getting killed by real inflation (groceries & gas) & insane interest rates etc. All directly related to Biden policies.

The market is even on the year. What exactly are we celebrating here?

[The Real timschochet 6,411]

Just now, Reality said:

I mean, it's not great...

Middle to low income families are getting killed by real inflation (groceries & gas) & insane interest rates etc. All directly related to Biden policies.

The market is even on the year. What exactly are we celebrating here?

I don’t believe any of it is directly related to Biden’s policies. 

[The Real timschochet 6,411]

12 minutes ago, Ultra Max Power said:

Americans are adding more than 10billion to their credit card debt each month.... how long can that last?

We need to improve the economy. How do we do that? I say we do it through more spending, not less. This is where conservatives get it totally wrong IMO. We need a huge government  investment in our economy. I would start with nuclear fusion. We also need major immigration reform and student debt relief. 

[Reality 3,096]

6 minutes ago, The Real timschochet said:

I don’t believe any of it is directly related to Biden’s policies. 

Irrelevant, you're wrong.

[The Real timschochet 6,411]

2 minutes ago, Reality said:

Irrelevant, you're wrong.

Hey good argument man!